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When I took my classes 5 yrs ago it cost about $1,200 and my time. Any time in school to me has never been about time lost so really the question was for me was it worth the $1,200 - heck ya, at the time, I looked at it like, even if I personally just buy one home, I will be doing it from a position of greater knowledge and in addition, the things one learns about RE that applies to living and enjoying a home, tending to issues with neighbors, city, and even family (trusts, tenancy, etc.) was worth every penny. Now I suspect what you meant was is it a good time to get in to real estate sales - in my area, I would say probably not, and it isn't so much about the market, it is about the # of agents that represent the market, if ones market is flooded with agents, which mine is, I would say not such a good time to get in, on the other hand like others have said, it is a good time to get the experience, but in general it's just not a good time to expect to roll in much $.
One of the big rules of economic cycles is that the time to make cash [not financed by debt] investments in a business is during a recession. Generally, there is not as much demand so things are cheaper, and the extra time allows a business to stake out a commanding position for the inevitable upturn.
A real estate business is no different. If you have the funds to do it, I would say that now is the perfect time to get your licensing requirements out of the way and start making the connections you will need to make your real estate business successful. Then when things do improve [and they will eventually], you are already there waiting for the business.
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